China
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China’s Minsheng Financial Leasing Co has brought loan-backed bonds back to the Asian market, reviving a structure that is rare in the region. -
Chinese commercial banks’ rush to sell tier two bonds has begun. These banks look set to sell more subordinated debt this week than they did in the whole first quarter of 2018.
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Chinese property company KWG Group Holdings doubled the size of an outstanding 2023 bond on Tuesday, grabbing another $350m from a tap as it used up its remaining offshore bond quota.
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In this round-up China’s new Foreign Investment Law is tipped to spark a wave of capital inflows, the US and China attack each other’s human rights records, Bank of China (BOC) expects onshore bond yields to fall but offshore ones to stabilise
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CIMC Financial Leasing, the leasing unit of China International Marine Containers, has debuted in the offshore loan market with a $180m three year facility.
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Chinese outdoor leisure products developer Bestway Global Holding has closed its debut offshore borrowing at a reduced size of around $88.9m.
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Chinese power generator and local government financing vehicle (LGFV) Yunnan Provincial Energy Investment Group reopened a 2021 bond on Monday. Investors flocked to the deal, showing more enthusiasm than they did for the original syndication four months ago.
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China’s Texhong Textile Group has returned to the loan market for HK$1bn ($127m) only six months after it closed a larger facility.
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Solar farm operator Xinyi Energy has refiled for Hong Kong listing approval after cancelling a HK$4.5bn ($573.2m) IPO at the end of 2018.
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China’s Poly Developments and Holdings Group Co priced a $500m bond on Monday at a level way through fair value by offering investors a rare chance to buy investment grade paper from the Chinese real estate sector.
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China’s Tianshan Aluminium is tapping the offshore loan market for $200m.
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Chinese laminating filmmaker Kangde Xin Composite Material Group skipped a coupon on its dollar bond on Monday but the missing payment seemed barely to register with market participants.
